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Greece has officially ended its three-year bailout program. Greece’s final bailout has ended but the hardships will remain - Photo: Reuters This follows the distribution of €61.9bn by the European Stability Mechanism (ESM) over three years "in support of macroeconomic adjustment and bank recapitalisation". The ESM says the remaining €24.1bn, available under the maximum €86bn program, was not needed. Greece had also received €141.8bn in loans from the European Financial Stability Facility (EFSF) between 2012 and 2015. The total amount given by both rescue funds is €203.77bn, which the ESM says is "unprecedented in modern history" From 2010 to 2012, Greece received €52.9bn in bilateral loans under the so-called 'Greek Loan Facility' from Euro area member states. Members agreed the financial assistance package in back in August 2015. "Another success story" Mario Centeno, chairperson of the ESM board of governors, says: "Today we can … [Read more...] about Greece successfully exits three year bailout program

The 1,000 biggest tax payers in Viet Nam in 2017 contributed more than VND110 trillion (US$4.72 billion) to the State budget, increasing 8.45 per cent from the previous year, and accounting for 63 per cent of total tax contributions.— Photo tienphong.vn The 1,000 biggest tax payers in Viet Nam in 2017 contributed more than VND110 trillion (US$4.72 billion) to the State budget, increasing 8.45 per cent from the previous year, and accounting for 63 per cent of total tax contributions. The information was released by Nguyen Dai Tri, deputy general director of the General Department of Taxation under the Ministry of Finance at the ceremony to announce the list of the 1,000 biggest tax payers in the country held in Ha Noi on Friday. Tri said this was the second year that the ranking had been announced. The list this year includes 703 firms from the rankings of 2016, and 297 new companies. The processing and manufacturing sector continued to top the list of biggest tax payers, … [Read more...] about Top 1,000 biggest payers announced

Inflation in Venezuela could top 1 million percent by year’s end as the country’s historic crisis deepens, the International Monetary Fund said Monday. Venezuela’s economic turmoil compares to Germany’s after World War I and Zimbabwe’s at the beginning of the last decade, said Alejandro Werner, head of the IMF’s Western Hemisphere department. “The collapse in economic activity, hyperinflation, and increasing deterioration ... will lead to intensifying spillover effects on neighboring countries,” Werner wrote in a blog post. The once wealthy oil-producing nation of Venezuela is in the grips of a five-year crisis that leaves many of its people struggling to find food and medicine, while driving masses across the border for relief into neighboring Colombia and Brazil. Shortages in electricity, domestic water and public transportation plague millions of Venezuelans, who also confront high crime, the IMF noted. If the prediction holds, … [Read more...] about IMF: Venezuela’s inflation on track to top 1 million percent

VietNamNet Bridge - HCM City National University and Hanoi National University have been listed in QS Ranking 2019. Two Vietnamese universities are listed in QS top 1,000 schools The former is in the group of schools ranked in the 701st to 750th category, while the latter was in the 801st-1,000th group. According to Nguyen Quoc Chinh, director of the Testing and Training Quality Assessment Center, the school provided figures to the organization for the last two years and the ‘results were commensurate with our ability’. Asked if the school could list itself among the world’s top 200 by 2020, Chien said this was an ‘impossible mission’. Having its universities ranked among the world’s top 200 is the goal set by Vietnam’s strategy on university development released more than 10 years ago. Having its universities ranked among the world’s top 200 is the goal set by Vietnam’s strategy on university development … [Read more...] about Two Vietnam’s universities listed in QS top 1,000 schools

Vietnam National University - HCM City (Source: hanoimoi.com.vn) Hanoi (VNA) - Two Vietnamese universities have been named among the top 1,000 universities in the world, according to the annual Quacquarelli Symonds (QS) World University Rankings in the UK. They are Vietnam National University - HCM City which was ranked in the 701st-750th category, and Vietnam National University - Hanoi which is in the 801st‑1,000th group. Four US universities – The Massachusetts Institute of Technology, Stanford University, Harvard University, and the California Institute of Technology maintained their top positions in the rankings. They are followed by the United Kingdom’s University of Oxford. The universities were evaluated on the basis of six criteria: academic reputation, employer reputation, faculty/student ratio, citations per faculty, international lecturer ratio, and international student ratio. The QS World University Rankings is an annual publication of university … [Read more...] about Two Vietnamese universities named among top 1,000